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AXIS returns to cat bond market for $100m+ Northshore multi-peril deal

AXIS Capital, the Bermuda headquartered global specialty insurance and reinsurance firm, has returned to the catastrophe bond market for the first time this year, with a target for an at least $100 million Northshore Re II Ltd. (Series 2021-1) issuance. AXIS Capital has sponsored catastrophe bonds a number of times since read the full article →

AXIS didn’t renew 2017 cat bond, bought reinsurance lower-down instead

AXIS Capital, the Bermuda headquartered specialty insurance and reinsurance player, elected to let one of its catastrophe bonds expire without renewal this year, as it shifted its focus to buying more reinsurance lower-down in the tower to reduce its PML's. AXIS Capital had three catastrophe bonds from its Northshore Re series read the full article →

AXIS Capital’s new Northshore Re II cat bond grows 65% to $165m

AXIS Capital is set to execute on its latest and fourth catastrophe bond transaction at attractive terms, as the Northshore Re II Ltd. (Series 2019-1) has upsized 65% to $165 million, while pricing dropped to below guidance. The specialty insurance and reinsurance company AXIS Capital Holdings Ltd. returned to the catastrophe read the full article →

AXIS sponsoring its fourth cat bond, a $100m Northshore Re II 2019-1

Bermuda-based specialty insurance and reinsurance company AXIS Capital Holdings Ltd. has returned to the capital markets to sponsor what will be its fourth catastrophe bond, with a $100 million Northshore Re II Ltd. (Series 2019-1) transaction. AXIS Capital has become a significant user of third-party reinsurance capital, building relationships with so-called read the full article →

AXIS to secure $200m Northshore Re II 2018 cat bond at lower pricing

Bermuda-based specialty insurance and reinsurance company AXIS Capital Holdings Ltd. is now set to secure an upsized $200 million of coverage from its new Northshore Re II Ltd. (Series 2018-1) catastrophe bond, while at the same time the pricing has now been fixed below the bottom end of the initial read the full article →

AXIS’ Northshore Re II 2018 cat bond target rises to $200m as pricing drops

Bermuda-based specialty insurance and reinsurance firm AXIS Capital Holdings Ltd. has lifted the target size for its new Northshore Re II Ltd. (Series 2018-1) catastrophe bond to as much as $200 million, while at the same time the coupon offered to investors has fallen and will settle at the bottom read the full article →

AXIS Capital returns for $150m+ Northshore Re II 2018 cat bond

Bermuda-based specialty insurance and reinsurance firm AXIS Capital Holdings Ltd. has returned to the capital markets with a new Northshore Re II Ltd. (Series 2018-1) catastrophe bond, with which the company is seeking a multi-year source of multi-peril reinsurance and retrocession. This is the third catastrophe bond from AXIS Capital, all read the full article →

Northshore Re II cat bond pricing fixed below guidance

The final pricing for Bermuda-based specialty insurance and reinsurance firm AXIS Capital Holdings Ltd’s Northshore Re II Ltd. (Series 2017-1) catastrophe bond transaction has now been fixed at a level below the initial guidance range. The $350 million Northshore Re II cat bond seeks fully-collateralized reinsurance and retrocession for AXIS' subsidiaries, read the full article →

Pricing falls below guidance on AXIS’ Northshore Re II cat bond

The price guidance for Bermuda-headquartered specialty insurance and reinsurance firm AXIS Capital Holdings Ltd's Northshore Re II Ltd. (Series 2017-1) catastrophe bond transaction has been reduced again, reflecting the continuing strong investor appetite for new issues. Just yesterday we reported that AXIS' latest Northshore Re II cat bond had been upsized read the full article →

AXIS’ Northshore Re II cat bond upsized to $350m, pricing tightens

The latest catastrophe bond transaction to be sponsored by Bermuda-headquartered specialty insurance and reinsurance firm AXIS Capital Holdings Ltd. is set to upsize by 40%, as its Northshore Re II Ltd. (Series 2017-1) transaction grows to $350 million, while the price guidance has tightened. AXIS returned to the catastrophe bond market read the full article →